Re: Final payment
in response to
by
posted on
Jul 17, 2020 08:51PM
Here's your evidence which was already clear from the the debenture notice that they did not receive the full 5 million. Revised annual financial statements were just filed on Sedar
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n June 29, 2020 and July 3, 2020, the Company received payments in the cumulative amount of $2,500,000 from
the Buyer of DenseLight for a total received of $23,500,000. Taking into consideration the length of time it had taken
the Buyer to make the foregoing payments and the Company’s expectations regarding the likelihood of receiving an
additional payment, the Company determined, and the Buyer accepted, that it was in the Company’s best interest to
accept the partial payments as final payment on the Company’s receivable and to restructure its relationship with
DenseLight to better accommodate the Company’s current supply need